GE Vernova said it will buy Trench Group for $9 billion as it works to secure more transformer-component supply amid rising power demand.
AI-generated illustrationThe German manufacturer’s Charlotte, N.C., factory can eventually make up to 10,000 high-voltage bushings a year, according to the report.
GE Vernova is moving to take greater control of its transformer-component supply chain as it seeks to address tighter availability in grid equipment.
The deal points to continued pressure on grid equipment supply chains, especially for transformer components and high-voltage bushings used in power projects. A Charlotte production base also signals added North American manufacturing capacity tied to utility infrastructure demand.
Architecture Radar brief based on reporting from Engineering News-Record. Read the original reporting.
AI-generated illustrationCorporate Moves
Cardinal said it plans to use Hughes Brothers’ central Florida operations as a base for additional construction services and future acquisitions in the state after the deal closes.
AI-generated illustrationCorporate Moves
Type One raised $200 million in a Series B round while its Tennessee fusion project, Project Infinity, nears construction at a former TVA coal power plant site and a 400-MW commercial plant advances deeper into engineering.
AI-generated illustrationCorporate Moves
The Florida contractor said Sean Ouellette will take over as CEO in December, finishing an ownership handoff that began in 2023.
